currency exchange rate: Gulf currencies remain high; Expatriates unable to look – gulf news currency exchange rate

The rupee had appreciated against the dollar in yesterday’s trade. So the Gulf currencies got good value yesterday. But the expatriates did not get the benefit of it. Yesterday was a holiday for banks in India on the occasion of Buddhapurnima. The new rate could not be traded yesterday so the expatriates did not get the benefit of it.

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Yesterday, the market received the same rate as on May 13. Financial institutions in the Gulf traded at the same rate. Expatriates lost up to 20–50 paise. Many who knew that the exchange was at the old rate went back without intervening.

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The UAE dirham was trading at 21 rupees 20 paise yesterday, while the Bahraini dinar was at 206.48 rupees. The Kuwaiti dinar was trading at Rs 253.45, the Saudi riyal at Rs 20.75 and the Omani riyal at Rs 202.22. The exchange rate was the same as yesterday, but the exchange rate remained the same. Financial institutions are trading at 5–15 paise different from international rates.

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This is Sabir Saad, the mass driver who went viral on social media